PARAS : NFT marketplace on NEAR PROTOCOL
Paras is a blockchain based NFT marketplace for collectibles, we use Near protocol, IPFS and file coin to make sure a durable profitable and scalable NFT ecosystem we are relying on centralised entities. The product that we have right now we have an easy way for our artists and creators to create and maintain NF Ts, we have the Collect feature in which enables our buyers, our users to pretty much buy and sell the NF t's on the marketplace right now. And the last one is the publishing feature that enables our artists and creators to create more depth to their nfdc to their records by giving more story by giving more lore, or by giving some behind the scene story about collections. So the collectors are not only getting the visual aesthetic, but also the story behind it. We believe the story sells.
As the opportunity, the market size is pretty big the collectibles is around $370 billion flow was $52 billion, and digital collectible card games launched a billion dollars in variable.
Business model
Collect 5% commission on each card purchase
The key differentiator
The first one in the digital native, if we compare ourselves to the physical card collectibles, we can reach global audience easily no printing.
And the second one is that we are more focused marketplace we only focus on card collectibles so we can design and engineer Paras to be the best place for card creators and collectors, some use cases are BoosterPack karate and mini court games.
So this is examples by one of our artists monstery, he created a monster hunt game called Krypterra, so he bundled up, he wanted to bundle those those monsters into certain booster pack, and if someone boy buys the booster pack he will receive he or she will receive the monster cards.
And the last one is building the next IP we focus on onboarding artists or creators that are interested in getting their own IPs, it could be a webcomic web novels, short story or first fiction, or even a wiki or lore.
Some examples are Exit life is a short story by fictionspawn.near, he created a short story, and accompanied by an illustration of that story. And the second one is immortal flaming series by fetus-squid.near this gonna be soon to be a web novel so he created some law secrets story behind the characters behind some scene, and anything like that.
So yeah, we believe we could build the next crypto native IP on top of Paras, we could have the next Star Wars we could have in the next Harry Potter building natively on crypto and blockchain technology and the team we are a four person team we are all based in Indonesia we may, we are already working together since one and a half years ago we do a lot of hackathons, we do a lot of bounties so we've been involved in this space, in developing in web3 space for quite some time.
The timeline, we have the main app launch on December 2020 harder than that in volumes on last month, on March 31 and exciting news launch will be a Very soon, signal on April 2021 We have liquidity mining market was mining for next month, and they'll launch on July 2021. The token allocation. Most will go to the community, and the rest will go to the team and investors.
And last is the most exciting news that we can share with you guys NFT drops. We have three cards, the founders, the First Men and the first bonds. They are all from connection pillars of Paras. And these three cards are having a very important role in building the world of Paras.
Learn more
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*** The above piece is an edited transcript of HEO finance presentation in the Open Web Collective Demo day***